Business Context and Reporting Period
This Form 8-K filing by Goldman Sachs BDC, Inc. (GSBD) reports a material change in executive leadership. The report date is May 17, 2022, covering events that occurred on May 12, 2022, and May 16, 2022.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on personnel changes.
Material Changes
- Resignation: Carmine Rossetti notified the Company of his intention to resign as Principal Financial Officer, Chief Financial Officer, and Treasurer. His resignation is effective on or about August 10, 2022.
- Scope of Resignation: Mr. Rossetti is also resigning from identical roles at Goldman Sachs Private Middle Market Credit LLC, Goldman Sachs Private Middle Market Credit II LLC, and Goldman Sachs Middle Market Lending Corp. II.
- Reason: The resignation is to pursue a new professional opportunity and is not the result of any disagreement with the Company.
- Appointment: The Board of Directors appointed David Pessah as the new Chief Financial Officer, Treasurer, and Principal Financial Officer, effective on or about August 10, 2022.
- Transition: Mr. Rossetti will continue serving in his current role during the transition period to ensure an orderly handover.
Management Commentary and Risks
Management confirmed that Mr. Pessah, age 36, is a Vice President in the Fund Controllers group within Goldman Sachs Asset Management, L.P. (the Investment Adviser). He is responsible for oversight of fund accounting, financial reporting, and internal controls for the Company and other business development companies managed by the Investment Adviser. Prior to joining Goldman Sachs in 2010, he worked in the audit practice at Ernst & Young LLP. There are no material transactions or family relationships involving Mr. Pessah that require disclosure under Item 404(a) of Regulation S-K.
Investor Verification Checklist
- Verify the exact effective date of the leadership transition (on or about August 10, 2022).
- Confirm the appointment of David Pessah across all affiliated entities (GS PMMC, GS PMMC II, GS MMLC II).
- Review upcoming quarterly reports to assess the impact of the CFO transition on financial reporting timelines.
- Monitor for any subsequent filings regarding the search for a permanent replacement if the transition period extends beyond the initial date.